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coming in to the economies across europe. not expect a surprise announcement. there is a talk of bank deposits. it he talks more broadly about the numbers and the market economies. >> what is the next step? are we going into asset quality reviews? maybe? underestimateer it. he made surprises in the january and february part of the year with his package that does something a bit more than that there is a coalition agreement and i think she will be behind some of the stimulus. >> talk to me about your favorite picks. talk to me about the macro environment. diverse. >> indeed. play.are a macro- there is growth in china and the it demonstrates some and boost cash flow. the cash flow comes through next year and stronger growth in oil prices. your your go back to unit trust. joined later are in the hour. 2014l ask him about his investment strategy. we'll have more on this story thisf apple can deal with on the move. >> in london, this is on the move. we on your phone, your tablet. here is what is on the move. we heard news this morning. accounts in the electronics business and they gained 5
add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a y
. landmarkelebrating at deal that could add to the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. goodtic producers of services -- falling 1.4%.
korea and european economies consume and really rely on getting that consumer to spend more and consume more? numbers. get inflation >> that is due in at just 30 minutes from now. we are expecting cpi rising 3.1% for the month of november. that is falling from the month of october. take a look at pbi as well. >> continually falling. >> negative one point five percent is the estimate in my with what you saw in october. consistentlync. -- in that 1.5% range. >> thanks all for that. stay with china because it has been reported that an additional 5 wall st firms are under investigation for hiring practices. new york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global
across the world and how we compete in global economy, now that number has dropped down it's not 79% anymore. it's around 35% of our jobs in high school a diploma, which means we have a big skill scant. it's in the manufacturing jobs, john. you can't show up with a high get l degree and expect to a job in a manufacturing plant. you have to have some type of to do, to read, to write, basic math, to operate to machinery, the equipment, the things that you have. so as a nation, we're falling behind. industrialized nations, 14th in reading, 17th in science, 25th in math. 34 nations. we're a better nation than that. to compete and remain internationally globally competitive, we have to change and we haven system to address the needs of our employers. it up to you open guys, but before we do that, manziel y, is johnny going to win the heisman again? >> i don't have a clue. i played six-man football. >> you're an aggie, you're yeah, baby, yeah. >> i don't have an idea. he is fun to watch play. here's what i will project. i will make a prediction -- that i'm very confident in and that is th
google and apple urged the u.s. government to stop it is spying. japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where the
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
%. >> these changes are huge, for the american economy and the american people. >> for more on the battle over youamerican health care, do think that president obama made a persuasive case to the american public that health reform has happened? >> i think he was trying to focus on why it is important and what it means for a lot of people. he has done this before, of course, by saying that nobody should have to choose between putting food on the table and taking their kids to the doctor. it is a powerful argument. his probably most powerful argument was saying to the republicans, ok, you haven't liked it, but you don't have anything to put in its place. it will who have it, particularly those on medicaid, the health care for the poor, won't want it taken away from them. it still remains to see if people find the process so painful that they put it off. and if they don't like what they get, is it an improvement? >> my impression is that they are lead -- they are breeding something of a sigh of relief at the white house. they are alsout treating the patients so much so that they want them out of
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
. they were audiologically opposed. they had a closed-off economy, they were politically and militarily opposed. with china, we depend on china. every object we pick up says made in china, and china depends on us. what we have here is a situation in which our economic interests, our political interests in many areas, our interests in solving global problems like climate change and piracy are aligned. what we need to do is create diplomatic channels that find ways to resolve the territorial issues without letting it spin out of control. if you think about world war i, nobody wanted to go to war. but, you know, there was a fascination in serbia, and as it escalated, the sort of logic of alliance meant that they ended up in a conflict. that is what secretary of state john kerry is trying to prevent. >> your foreign policy service, your greatest fame may have come from an article in "the at lantic" calmed "why women still can't have it all." you wrote and i quote: >> what that is to change for that to happen, and how do we go about it? >> thanks for asking. i never expected to be talking on
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
and for monday. 203,000 jobs being added to the economy. exciting to see. great news. >> 7% unemployment. >> yes, americans back to work. forcee labor participation went up meaning more people are being counted. that's been a big concern, that just falling off. >> all reason to cheer. and market likes it. >> market loves it. they mightd think get nervous because it might mean tapered sooner rather than december.n as soon as >> right. >> nonetheless, higher. >> good news is good news. let's go to the big picture. will show you the three charts you've got to see. the dow industrial up 183 points. up 1.2%. we were up about 193 points a few minutes ago. slightly off the highs but still vague very good day. thewe're making up for ground we lost in the preceding five days. will this is curious. spike up early this morning up to 2.93 and back were.re we you're wondering whether the taper is priced in. >> could be. >> yup. at about -- >> good is good. >> means good is good. i like it. story., by the way, same it's call it flat. it's only up 29 cents. oil is up 6% in one week. begin to think maybe this t
in this economy? >> it does. you can see the headline number was stronger than many of us had expected. even as far as mcquarry goes as well. a lot of that was an inventory buildup. that's really great for the third quarter. that puts in some head winds for the fourth quarter. mcquarry believes you could have fourth quarter gdp as low as .8%. much lower than consensus. so, i mean, it's good for third quarter. not so good for fourth quarter. that doesn't bode well going into the end of the year. >> sam stovall, we've now that three days, potentially four days of losses to start off the month. extremely rare at least in recent history. i think this is the first time since june 2011 we've seen such a stretch. is that the kind of information people should trade off, though, or is it just statistical noise? >> i think it's noise right now. really it's only four days. the thought is they're doing this in advance of tomorrow's employment data with the worry being that the fed will likely start their tapering program this month rather than wait until march. our expectation has been that they would d
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes to the supply side of the uk housing market, it really is down to things like change, having a look at the green belt legislation, trying to, you know, incentivize local authorities to watch the yen gauge
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
is because we live in a complex global economy and they mirror the complexity. whether supply chain or payroll management. >> what china is working very are -- hard at things that people want. when are they going to have their own dreamworks studio irrespective of what we have? movies that we are going to went over here? >> they are working on that certainly. they are playing on their domestic audience and working it up. there is also a funny exchange between josh and jeffrey katzenberg about disruption and then barry diller. take a listen. is just an amazing man. honestly without question, one of the most brilliant people even to this day. i still think he is one of the most amazing and brilliant and inquisitive intellectual mean ba stards i have ever come across. >> he could not resist using a word, either, to describe. > john borthwick, the mean -- >> what do you think of, when jeffrey katzenberg has difficulty placing barry diller in this? he is big money endorsing something that is disruptive. all of these trends are talking about, whether u.s.-china, film moving to asia, you s
had to say. >> shut down everybody government.in but let's go to the state of the union. economy continuing to strengthen. no washington shutdowns. i think the president will people's d the confidence will recover. we need to push congress to do immigration, to do smart things to help the economy. the american people are sitting at home talking about all of the issues which is most important to me. job and my -- my income. and that's what washington needs to focus on. are merican people screaming at us. focus for us what's important to us. plouffe there writes -- paints a bright picture on the in zon for the white house terms of how things could go. how do you see that? >> the president said this is in hands. we can try to turn this around as david said about is health working. are people getting insurance? are insurance companies saying yes? right data.g the and, yeah, there are -- there not in that maybe short of term where the -- where the country starts saying, okay, bumpy start. but it's getting better. the economy is improving. at the same time, you -- you have a series of
the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. this has really accelerated. >> p.c.s? >> yes. that's the reasoning behi
. there is a desire to make exports a bigger part of the british economy. the rise may make this difficult, dampening inflation. pay attention to sterling. it may have a problem in the ecb. will he does inflationary pressure -- will lead this inflationary -- will the disinflationary pressure on the continent force the ecb's hand? today could be an interesting little stop in that story. francine, back to you. >> this is what we are talking about. george osborne gives the autumn statement in just over an hour. it comes at a time when the uk's the best-performing economy in the g7. manus cranny joins us live. osborne goes to dispatch with a strong set of data. you have a couple guests, what is the cement -- what is the sentiment? the data is a strong. construction, housing, manufacturing, services took a dip. i talked to someone who was skating in terms of you promised we would be at this point a long time ago. great but there are structural problems. brothers gating approach from -- rather skating approach. then we talked to the head of the british chambers of commerce. he said it is about as this rate
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
with jim cramer and david faber. we'll get to that apple news in a minute. but the broader economy making some headlines here. gdp revised up to six. there's questions about stockpiling, as well. the ten-year did pick up the 287 off just a touch now. the ecb hold rates steady. our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. >> apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a share buyback. >> we'll look at the winners and losers in retail. >> wow. >> first up, though, the ten-year notarizing on better than expected economic data, revised third quarter gdp up 3.6 while weekly jobless claims fell below 300k. this all happened on the 17th anniversary of alan greenspan's irrational exuberance speech in 1996. >> how do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. >> that leads us to a good question, jim. last night,
away from a drug economy. to a more diverse and traditional egrarian type of economy. so we put in place the road map opportunities. will the afghan people be able to achieve it? much will turn on their governance and their own leadership. but we have laid that opportunity in front of them. i don't think we can back away from the necessity to continue assisting. canada has committed $100 million ongoing. and there is an old legal maxim that says once you start to render assistance, you have to continue. you can't let somebody drown. and i think the international community does recognize that. and also that the stakes are high. there are many, as is the case ongoing, in syria that are playing in this particular part of the world and st needs to win. there needs to be an ongoing and lasting stability in that country, and in that region. >> let me ask about the security conference and you were the founder of this event, in hall fax, and has it developed the way you expected and where do you think it is going to be five years from now? >> well, i'm really proud and i'm humbled the b
to forty percent of the world's economy. they sever second year in korea life from seoul and keep them from when they do so much for joining us. we begin with the president's confirmation of three key government posts today which went through despite the lack of the national assembly's blasting the president talking head pushed ahead with the appointments to maintain stability in state affairs as all elementary businesses come to an effective holt from a boycott by the opposition party the presidential office correspondence was into surface. health and welfare minister please don't kill prosecutor general keen to attack a cheese stick on a term high tech and have benefits to place your perspective seats by president mckinley. ordered the new we appoint officials to work or brooding up the normal practice is to penetrate its tv fears that its production. make sure that nobody in any case to find the constitution and the beaches democratic principles the president had to lay off three appointments due to strong objections by the opposite party. after all confirmed that she's on her nomination
the economy. american people are talking about all these issues except what is important to me, my job and income. that is what washington needs to focus on. american people are screaming, focus on what is important to us. >> they paint a bright picture on the horizon for the white house in terms of how things could go. how do you see that? >> we can try to turn this around, is working, are people getting insurance, are people saying yes? there are scenarios where the country starts saying, ok, it was a bumpy start but it will get better. the economy is improving. at the same time, you have a series of fiscal debates coming up between the president and congress and those have not gone well. the president and his team see those as opportunities again to sharpen the difference between what he is trying to do for the country and what republicans and their words are impeding. that may be an opportunity for obama to retain some approval ratings, perception of competence among the public there it it is a rosy scenario and there is a lot between now and then that has to get fixed. the white h
/2 year, 57.3 would suggest the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the do
in six months. >>> cybersurge, why today's shopping frenzy is vital to the economy. >>> what iran is telling al jazeera about its nuclear deal. >> what are you talking about, he's dead. >> an exclusive investigation into prison health care. >> evey sunday night, join us for exclusive, revealing, and suprizing talks with the most interesting people of our time. this sunday, >> i spent my whole life thinking about themes and thinking about how to structure movies, so this is highly unusual. >> the director of the sixth sense, says there are five things we can do to fix education in america >> the united states has education apartheid, that's the facts... >> talk to al jazeera with m. night shayamalan sunday at 7et / 4pt on al jazeera america >> anest natean estimated 131 mn americans have gone online and spent big bucks. sales could top $2 billion. that would be a cyberrecord and 20% more than a year ago. online growth has been bigger than growth at bricks and mortar stores. and david strawser said it's been an especially hard year for retailers. >> the low-and middle-class has been
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the president sought to shift the focus today, away from what's gone wrong with implementing the health care law to what's gone right. he said the benefits are being overlooked amid problems with the web site and policy cancellations. but insurers still warn they're getting unusable data. we'll have a full report on the president's new p.r. push right after the news summary. >> the university of notre dame over the healthcare law's mandate to cover birth control for students and employees. school officials went to court today arguing they are being forced to violate roman catholic teachings, a federal judge
said the deal has already benefitted his country's economy. >>> remembering nelson mandela. today marks the beginning of a week of remembrance. they have a day of prayer and reflection. earlier today the mandela foundation held a service. services like this were held throughout the country and really around the world. alan joins us life from south africa. alan, how are people paying tribute to mandela? from what i hear and see behind is any indication, they're doing it by celebrating. >> reporter: absolutely, richelle. the folks here in soweto are handling the party end of that equati equation. they've been doing it for days now and they'll go long into the night, too, and through the wee hours. it's a tremendous scene. for the more sub dued and reflective part of the formula, the national day of prayer. we attended mass at a huge catholic church not far from him. the population of the congregation in church today, the sounds of soweto, of a nation on what is not just another sunday. ♪ >> reporter: the congregation of the biggest catholic church in this largest christian country celeb
that have the largest challenges this attaching to our economy. so we don't have a date for that yet, but we're going to set it. we're working on it. and so we'll send invitations out to all of you again since you've been with us today, so look for that in the next couple of weeks. thank you again for joining us today. have a happy thanksgiving, and shop small business on saturday. [laughter] [applause] [inaudible conversations] >> today the leader of french opposition party talks about france and the rest of the international community. he'll discuss a range of issues including the eurozone crisis and his country's refusal to sign off on the recent iranian nuclear deal. we'll have live remarks beginning at 6:30 p.m. eastern here on c-span2. >> i didn't get the idea for the for dummies series. i had an idea to do a beginning book about computers, about dos b specifically, and i kind of inspired myself to do that just dealing with people in magazine editing job i had and being on the radio at that time and being out in the public and talking to people about computers. it was obvious that peop
the whole economy goes better. i think the economy has just gone down the tubes because of the 1% who want to make the most out of the misery of others. >> the sticking point here is that these workers and folks behind them are asking for a $15 an hour federal minimum wage. that's not the only point here. they really also want to be able to unionize without any fear of retaliation. >> we'll continue to check back in with you throughout the day. thanks. >> stephanie, this latest strike is similar to once we've seen across the country, focusing on income and equality. much of that money is going to wealthier americans. the income of the top 1% grew by 31.4% since 2009, but for everyone else barely moved, growing less than has half a%. much of this battle has been over the minimum wage of $7.25. president obama suggested that rates should be hiked to $10.10 an hour. if it were tied to productively ty, one study said that figure really should be $21.72. >> temperatures are plunging right now across much of the country. a blast of arctic air is bringing bone-chilling cold along with snow and ic
of years and the economy people have wanted to see. another big positive, third quarter gross domestic product, supposed to increase. that is up from the government's initial estimate. the number blowing past analysts' predictions for 3 percent growth. well, you put that together. you would think it would be sweet and savory. renewing investor fears instead of early next year or, perhaps, and the spring. all the major indices lower. the dow jones industrials earlier today was about seven. it has been quite a slang. fifth consecutive down day for the dow jones industrials and the s&p 500. the longest losing streak since september 25th. we have just blown through the floor of what had been down 67 points. another is a new low, down 70 points. if the s&p finished as a week lower, that would be the end of its longest run of gains in nearly ten years. let's look at good ones. apple is definitely up, as we told you yesterday, the smart phone maker announcing a major deal with china mobile to bring the iphone to china's largest wireless network. millions and millions of customers potentially
'm visiting you here in washington, but the folks in washington seem to put the brakes on the economy every six months or so, right? or even more often than that. so, you know, they're not helping. and with respect to real growth in the economy. i think that americans will put more money into education when the economy is doing better or when they confront the fact that defunding education is actually hurting them and their state. and so i think there's kind of a bigger picture and bigger pressures out there that are going to play on this. and then, of course, you also have legal requirements within -- and constitutional requirements within states. we're certainly one of those states that under our constitution we guarantee an education to every child. there have been tests, we have a very famous test in connecticut, shep v. o'neill, to kneel being former governor that -- to o'neill being former governor that allowed for a super education district overseeing about 41% of the kids in the greater hartford school district and surrounding districts, putting them in different schools than they w
's trip was supposed to be about trade and the economy. now in fact it's all about the chinese military. vice president joe biden with one eye towards a possible 2016 bid is getting the chance to flex his international muscle power in asia. >> the united states has an interest in the lowering of tensions in this vital region. as i believe all the countries in northeast asia share that same interest with us. >> reporter: biden, in crisis manager mode, arrived in tokyo as the region confronts a power grab by beijing. china declared it now controls a vast portion of the air space over the east china sea and remote islands that both china and japan claim. biden will bluntly ask the chinese leaders their military intentions when he stops in china next. u.s. officials worry china's ultimate aim is a confrontation with japan. >> we, the united states, are deeply concerned. by the attempt to unilaterally change the status quo in the east china sea. this action has raised regional tensions and increased the risk of accidents and miscalculation. >> reporter: china is demanding aircraft flying thr
to establish with every single asian economy except china. >> tremendously important to japan and the united states. >> and japan's not necessarily been on board with this as much as all the other southeastern asian countries are. right. that's true. so even though the concentration has been on the senekaku island and so forth, the tpp really is the ball game as far as the continuity of the relationship and quite apart from the fact that japan has interests certainly in south korea and vice versa where the vice president is headed. >> it's a tricky relationship. the japanese and south korea aren't exactly -- they're allies but scent cal of each other. >> not only that, but the south koreans feel they provided slave labor for the japanese, that they haven't been fully compensated. so they still want payment. the japanese settled that a long time ago. so the south korean prime minister in saying that, as a matter of fact, our problem with the japanese is much greater than that with china, that's any first trip should be to china, not to japan. >> that was a little bit of a snub as far as the j
to the economy. sounds like good news, but some economists say the numbers mask a pervasive problem just beneath the surface. record high unemployment among young americans. put these numbers into context, economist in the university of maryland business professor is here with us. good morning. >> good morning. >> so these numbers are being trumpeted all around by the president's supporters on various broadcasts we did yesterday as great news, but you say they're not what they appear to be. why? >> well, simply, the quality of jobs are not very good and most young people really are having a terrible time getting started in careers. you know, college graduates are still working at starbucks and the like, and we have a lot of college graduates who are really graduate students, not learning very much, because they can't find a job. piling up a lot of debt and so forth. >> so at what point is this assumption that every person needs to go a four-year college and then get a graduate degree going to fold under the weight of the counterevidence maybe it's smarter to join the work force earlier? >> i thi
the state economy by hundreds of millions of dollars. like many new businesses coming to detroit the city's financial issues did not deter them from setting up shop and some see obstacles and to james cofounder peter bailey sees opportunity. >> this craft distilling movement might help diversify agriculture in michigan even further as we start to grow collectively. >> their investment on a neighborhood on the rebound is welcome by many who live here. right now they are on pace to produce over 3,000 cases of premium liquor this year. in a warehouse where the aroma is literally intoxicating, these entrepreneurs see a future where the glass is always at least half full. bc with al jazeera, detroit. >> reporter: there are about 350 distillerys right here in the united states. they were built by the romans but are still in use today. how technology is looking into the past to map italy's under ground aquaducts. and blasting off on a mission to the moon, what chinese scientists hope to learn when their rover makes an lunar landing. >> and this means falling temperatures and winter storm warnin
without a significant repercussions of the global economy. stopping a deal with iran is nothing compared to all of that. for 34 years, there has not been a conversation on capitol hill about lifting the sanctions. at most, at the outmost generosity of the members, the conversation has been we will be ladies new sanctions for three weeks. that is the best that we have had so far. it's going to be now a completely different paradigm. you have to decide the members from both sides of the idle that will put their name on the legislature that essentially authorizes the congress to lift the sanctions. obviously this cannot come until the very end of the process. also, the iranian counter concession, which is to ratify the additional particle that will have to go through their parliament and the sad thing is it's visible now how the parliament is taking up bad things from congress on how to create more difficulty than just be impossible to deal with. >> but also you have to point out that not all of the sanctions will have to be lifted. the ones related to terrorism and human rights treaties on
the country's ailing housing market. the measures announced during an economy related ministers meeting on tuesday come as a means to improving two sets of housing policies introduced earlier this year. despite implementation of the policies already in use to finance minister come up with karen the meeting said that the real estate market has failed to enter into a state of full recovery. from there though it's vacations that housing prices are going to try it and there's also an imbalance of supply and demand due to soaring rental security deposits. to counter the lingering uncertainties in that nation's housing market the revised stimulus measures include unifying the types of government backed mortgage loans the government will also allocate eleven trillion won roughly ten billion us dollars for government mortgage loans next year busy as this year's record amount to me. as one single day will run the loan program for home buyers will be able to secure loans at lower interest rates. under the new measures the overall number of so called happy houses which are a form of rental housin
going to be 21 million produced at the end of the run here. the chinese economy can absorb that no matter what value you put on the individual. see here generally is the idea of governments, merchants, crooks, speculators waking up to the general idea that maybe there is something to this whole idea of digital currency. >> there are other digital currencies out there. others have been very intelligently designed, this was kind of the thing that made everything go. lots of other systems say to take the basic idea. what is more interesting is not the bitcoin of the world but things like the payment system being developed with over half of the adults in kenya using the system which is digital currency on a cell phone. pretty remarkable. >> this idea of decentralization? maybe the central banks will have a lot less power? china seems worried about this idea of control. a great way of projecting power and policing activity. are veryal governments concerned about this. libertarians are thrilled. they love it for the opposite reason. as digital devices grow and people get more com
economy. but how the military will deal with the war and factions will be a big test. andrew simmons al jazeera beirut. >> and an update on syria we have reports that two people have been killed in an explosion in damascus. this is according to syrian state television, an explosion by suicide bomber who blew himself up in central damascus this tuesday and 17 people are injured and we will bring you information on this breaking story if and when we have it. the powerful north korea un has been removed from his post. and he was widely believes to be the power behind the north korean leader and held vice chairman of the commission and there are reports that two of his close associates have been executed following corruption charges. the u.s. vice president expressed concerns over china's expansion of the air defense zone in the east china sea and it was in japan and the first stop in a three-nation tour of asia and he will make a visit to china on wednesday and tokyo and bejing are talking about this. a human bird flu and saying it could be spreading beyond main line china and a woman in i
the deal that lists sanctions has helped his country's economy. >> controversy over the latest project by artist christo. he'll spread fabric high above the arkansas river. some say it will damage the eco >> it's called "over the river", and this is the river, the arkansas in south central colorado. what christo wants to do is suspend hundreds of huge panels of silvery cloth, six miles of it, in eight sections along a 42 mile stretch of the river. his drawings show how the sunlight will filter through the fabric. christo says the best way to see it will be from underneath on the raft drifting through the canyon. >> there's 3,000 rapids. spectacular to see it from within the space created play of life passing under the fabric, reflecting up, not down. worked on, "over the river" for 20 years, they needed permission because the promote is in protective land. chri christo is raising the $50 million by selling works which he makes by hand. christo and his wife, jeanne-claude became known for controversial problems, each unique in its own way. >> the project is in the mind of thousands tryi
will take further steps to strengthen our economy. >> the white house about to go on a pr offensive. >> healthcare.gov is now stable. 90% of the time. >> 100,000, roughly, were able to enroll. >> and has achieved its goals, all be it two months late. >> is it mission accomplished? >> president obama is kind of getting all the late-night jokes now. >> as i was saying, john -- >> better him than me. >> let me try to crystallize that down. is it mission accomplished? >> using that phrase is a -- >> yeah! >> not one i would employ. chkt the absence of a compelling counter narrative to a proposal on the health care. >> you can't beat something with nothing. >> is it at all relevant here? >> do republicans have to say, here's what we want to do on health care. >> yeah, they do. >> they have had positive proposals, but at active promo -- >> republicans do have some positive alternatives. >> haven't done a good job explaining them. i think paul ryan will unveil. >> i think paul ryan will introduce a set of republican alternatives. >> not one huge bill. but a proposal for medicare, medicaid,
important economy in the world going. you got to have immigration reform. you have to have a competitive tax code. you have to do something about debt and education. this is all about problem solving. so no labels being at the sweet spot of where i think where the american people are and where they will be in the next couple of election cycles will therefore be in a place where most elected officials are going to want to be, not because it's the right thing politically, but because it's the right thing for this country. >> senator, you served in the senate for over a decade. how did things change when you were serving and how useful would a group like no labels have been early in the career or if they changed towards the end of the career in the senate? >> that's a good question. the senate has changed dramatically in the last 13 or 14 years. it's changed. it's just a completely different universe since my father's time. i'll tell you a story. it was 1968, my father was running for the first re-election. democrat in indiana. the republican leader at that time was illinois, came up to my fath
is good news moments is the history leading up to when the economy flips into high gear and good news becomes actual good news. every time we've ever been in this situation before, it's been an explosive time for the market. and you had to invest during the bad news is good news phase in order to reap the biggest gains. in other words, you have to be early and you have to anticipate. if you wait for the market to smell good as the tweeter i mentioned once, then you'll likely miss a great deal of the move. hey, that's how retail comes out. too late. now here's where a lot of judgment gets clouded. there are plenty of people who believe that the federal reserve is life support for the stock market. and when you take away that life support, what happens? the market dies. these people simply do not know the history of the market as encompassed by my admonitions by don't fight the fed. thanks to the polarizing world, now affects even the process of trying to make money in stocks. i think it's a totally false linkage. those who avoided this rally because they believe that it is somehow poli
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